We wont see that technology in the Ps4.
A 2 layer Bluray can hold upto 66 gb. And there is a new 3 layer Bluray developed recently by sharp. Which the PS3 can read and it has 100gb. It will last probably longer then DVD since there is no real use for more then 100gb at the moment. 3D and 1080p will be standard for years to come and they are woking with 50-100gb.
And a Bluray can have 20 layers and upto 600gb-750gb. So if Sony is talking 20 more then probably per layer so the future standard will have eventually 20 terabyte. 1 TB is not enough to impress imo.
But the real problem is not the capacity which is enough imo for everything the next years 200gb Bluray discs will be common in the next 3-5 years and they can be read by any bluray player no need to upgrade to a new standard.
128 GB are defined as the new Bluraystandard and PS3 will be able to read them,
http://www.pcworld.com/article/201354/sharp_unveils_100gb_blu_ray_disc.html?tk=rss_news
Sony needs to make the discs faster more bandwith more speed thats important not more capacity.
Hopefully Sony wont make the same mistakes again: I would be happy with a cheap 8X Bluray drive which can read Bluray discs upto 200gb in the PS4, would be cheap and more then enough space. No new technology some IBM Power CPU with enough cores and 4 gb DDR5 Ram 1 terabyte HD and 399-449 Price at launch, in the year 2012-2013.